TERREBONNE, QC, June 9 /CNW Telbec/ - Following the issuance of its press
release dated last April 28, 2008 in regards to distribution agreements signed
with Hewitt and Atlantic Cat, certain media, especially electronic, have
circulated short versions of the original press release that could have led to
believe that PowerTech (PWB-TSX venture exchange) had purchased these
distribution networks. This release aims to correct any false perceptions by
reiterating that the nature of the agreements with Hewitt and Atlantic Cat are
straight-forward product distributors agreements and do not imply any equity
participation by PowerTech in any of these two companies.
About PowerTech (www.powertechci.com)
PowerTech is the only company in the world that manufactures and
commercializes percussion technology with interchangeable tools and
accessories for the construction, demolition and military industries.
PowerTech's percussion technology is a technological breakthrough that
combines the power of a hydraulic hammer with the stripping force and
manoeuvrability of a conventional bucket. Powertech's products are marketed
under the PicBucket (R) and PicHammer (R) names as well as under world
renowned private label brands thru OEM agreements with large manufacturers.
The trademarks PicBucket (R), PicHammer (R) and the Powertech logo are
registered trademarks of Powertech Canada Inc.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: M. Yves Sicotte, Vice-president, sales and
marketing, Power Tech Corporation inc., (450) 963-6400, Fax: (450) 963-4411,